As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition ...

Inflation expectations could become unanchored and ultimately self-fulfilling. That was true even before the spike in oil prices induced by the Middle East conflict.

During the infamous oil embargo of 1973, when the world’s petroleum-producing countries stopped exporting to the United States during the Yom Kippur War, the effects on the U.S. were disastrous.

After dipping back into the $40s earlier this year, crude prices have come roaring back and are currently in the upper $50s. While that's a far cry from where they were a few years ago, the oil market ...

Last summer's record-breaking oil and gasoline prices-exceeding $140 per barrel and $4 per gallon-received plenty of attention in Washington and sparked a host of proposed responses from Congress.

It's not only generals who are constantly fighting the last war, it is also most policy makers and researchers. After the Iranian Oil Crisis (1979/80), nearly every oil crisis study was aimed at the ...

It’s looking absolutely brutal out there in the markets today. Oil prices surged over 20% to more than $110 a barrel last night as President Trump and Defense Secretary Pete Hegseth suggested the US ...

Some recent headlines and quotes from the press: “Peak Oil is Suddenly Upon Us” (Bloomberg 12/1/20); “Even Exxon Mobil is Capitulating to Peak Oil Demand” (Bloomberg 12/1/20); “End Game for Oil? OPEC ...

This year's co-Nobel Prize winner in economics, Elinor Ostrom, has sagely observed: “Humans don't like to be suckers.” She arrived at this conclusion after studying local programs working to overcome ...

Oil price lessons from 1983 Crude oil prices dropped precipitously in the latter part of 2014, raising challenging questions about where they might go in 2015. Undershooting well below a mythical ...